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21:57
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Originally posted by Woodsy7
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My take on this scenario to all you arm chair experts- there has been delays which has pushed the stock price down due to share holders selling, toll treatment at Coolgardie didn't get signed up but apparently it was imanent and it's highly likely they would of needed a capital raise of three million which is 100 million shares of dilution to share holders at say a discounted 3 cents then there is the Ausdrill $3 million facility so then at this price or less there would of been another 100 million shares issued as dilution and that's not to know if there was any shares in the deal with toll treatment with Westgold. Coolgardie has no mill or money and in the NT we have a good asset with no approvals due to government delays ,and Toms Gully needing 25 million to start up- is that more capital raise or debt ? The bigger picture is another $150 million for Rustlers Roost again how much dilution to start all these up. So we have good assets no cash, falling share price ,no support from share holder, stock brokers or the government. Now we have share holders selling down for the last 12 months plus the last few days have seen selling at a discount to the offer on the table which sets the market price . The market is what it is .
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51 posts, almost all of those in PGO threads!!!
